Shares of Applied Optoelec Are Up on Strong Volume (AAOI)

Written on Fri, 08/11/2017 - 10:40am

By Nick Russo

Shares of Applied Optoelec are trading today in above average volume, with the share price rising -29.2% to $66.20. Today's volume of 1.1 million shares tops the average 30-day volume of 538,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in Applied Optoelec. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Applied Optoelec in search of a potential trend change.

Applied Optoelec share prices have moved between a 52-week high of $103.41 and a 52-week low of $9.07 and are now trading 621% above that low price at $65.37 per share. The 200-day and 50-day moving averages have moved 0.94% lower and 2.79% lower over the past week, respectively.